What does Buffett see in Heinz (HNZ)?
by | Posted 2.18.2013 | Post Comment (No Comments)

H. J. Heinz Company (HNZ), together with its subsidiaries, manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. The company had consistently boosted dividends since 2003. Over the past week, Heinz agreed to be acquired by Berkshire Hathaway and a private equity firm 3G Capital for $72.50/share. The size of this acquisition fits the elephant category that Buffett often describes in his annual letters to shareholders. In a previous article, I discussed why Buffett likes dividend stocks. This is another dividend growth stock, that attracted Buffett’s attention. So what makes this company an interesting bet?

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